Nvidia bets its AI ecosystem will power future growth

Nvidia executives pitched backing AI labs and other key players as building a broad, enduring AI ecosystem around its platform. CFO Colette Kress argued the approach isn’t circular financing but a strategic platform shift aimed at driving demand for Nvidia’s chips, with AI-lab funding expected to be a minority of revenue next year. The company contends frontier AI labs could become major tech players, while critics worry about the concentration of power and the risk of shaping demand through financing.